UAE Signs Double Taxation Avoidance Agreement With Qatar

The United Arab Emirates (UAE) and Qatar have signed an agreement aimed at avoiding double taxation. The agreement, signed during the 121st meeting of the GCC Financial and Economic Cooperation Committee, will also enable both countries to prevent tax evasion and ensure justice and equality in the treatment of individuals. It was signed by Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Ali bin Ahmed Al Kuwari, Qatari Minister of Finance.

Ali bin Ahmed Al Kuwari said that the agreement will contribute to supporting international standards of transparency through the exchange of documented financial information. With this move, the aim is to conclude tax treaties that eliminate all forms of double taxation between the two countries. The agreement will also strengthen bilateral economic relations between the UAE and Qatar. The UAE minister highlighted that the agreement fully protects companies and individuals from direct or indirect double taxation.

The Qatar General Tax Authority mentioned in its statement that the agreement expands on its initiatives to accomplish the objectives of Qatar National Vision 2030 by promoting trade, facilitating exports, and reducing risks for importers of goods and services.